Victoria’s Secret’s interim CEO is venturing down in the center of a turnaround of the disturbed underwear company.

Stuart Burgdoerfer, the long-lasting CFO of the company’s parent, L Brands, had filled in as interim CEO of Victoria’s Secret for as far back as nine months and has helped steer deals upward regardless of the pandemic by smoothing out its item contributions and augmenting the client base, including through larger estimated models.

Burgdoerfer, 57, told the company’s board in January that he needs to resign following a 20-year profession with the Columbus, Oh-based company, L Brands said in an articulation on Thursday.

Martin Waters, as of now CEO of Victoria’s Secret undergarments, has been elevated to CEO of the Victoria’s Secret business taking effect right now and will answer to L Brands’ CEO Andrew Meslow.

“The Board and I are very thankful to Stuart for his authority during his 20-year profession at L Brands,” said Sarah Nash, seat of L Brands’ board. “Over the most recent nine months, he has driven the turnaround of the Victoria’s Secret business notwithstanding proceeding to lead L Brands’ finance organization as CFO. He will be remembered fondly, and we appreciate that he will stay with the business to see us through the arranged partition measure.”

Burgdoerfer said he will remain CFO until the Victoria Secret business is spun off as a separate company, likely at some point by August the company said.

The company additionally said on Thursday that it’s raising its direction for the final quarter because of solid deals patterns in January.

BMO expert Simeon Siegel concurred that Victoria’s Secret seems to have turned a corner since Burgdoerfer assumed responsibility, after L Brands long-term CEO Les Wexner resigned in the midst of reactions of his connections to pedophile Jeffrey Epstein.

“Financial backers saw Victoria’s Secret as a $1 to $3 billion obligation one year prior, which is the reason they needed the brand discarded no matter what,” Siegel said. However, under Burgdoerfer’s administration the underwear company, “is seen as a resource worth somewhere in the range of $1 to $5 billion.”

L Brands stock was up almost 4 percent to more than $45 on Thursday morning, likely on energy over the arranged side project.